FT.com / In depth - Political wrangle over US bail-out fund

FT.com / In depth - Political wrangle over US bail-out fund: "Mr Paulson said the US scheme should be open to all banks with “significant operations” in the US – including foreign banks, even though this may be politically controversial in the US.

“The American people don’t care who owns the financial institution. If the financial institution in this country has problems it has the same impact whether it is US or foreign-owned,” he told ABC’s This Week. The passage of the legislation is considered essential to avoid a renewed tailspin in world financial markets. “I don’t like the fact that we have to do this. I hate the fact that we have to do this,” Mr Paulson said. “But it is better than the alternative.”"